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Mar 31, 2020
East West Bancorp Q1 2020 Earnings Report
East West Bancorp reported net income of $145 million and diluted earnings per share of $1.00 for Q1 2020.
Key Takeaways
East West Bancorp reported a net income of $144.8 million, or $1.00 per diluted share, for the first quarter of 2020. The company's return on average assets was 1.30% and return on average equity was 11.6%. Total loans grew to $35.9 billion and total deposits reached $38.7 billion.
Net income for the first quarter was $144.8 million, with diluted EPS at $1.00.
Net interest income was $362.7 million, a 1% decrease compared to the previous quarter.
Total loans reached $35.9 billion, a 13% annualized increase from the previous quarter.
Total deposits amounted to $38.7 billion, reflecting a 15% annualized growth from the prior quarter.
Forward Guidance
East West Bancorp is encouraged by the expansive monetary and fiscal support from the government and is committed to supporting customers and their businesses through government-sponsored programs.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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